Johnson Investment Counsel Inc. Sells 103,093 Shares of nVent Electric PLC $NVT

Johnson Investment Counsel Inc. decreased its holdings in nVent Electric PLC (NYSE:NVT) by 6.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,454,085 shares of the company’s stock after selling 103,093 shares during the quarter. nVent Electric makes up 1.8% of Johnson Investment Counsel Inc.’s investment portfolio, making the stock its 9th biggest holding. Johnson Investment Counsel Inc. owned approximately 0.90% of nVent Electric worth $246,627,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of NVT. Sowell Financial Services LLC raised its position in nVent Electric by 1.7% during the 2nd quarter. Sowell Financial Services LLC now owns 4,012 shares of the company’s stock worth $680,000 after purchasing an additional 67 shares during the last quarter. AlTi Global Inc. grew its position in shares of nVent Electric by 1.8% in the 1st quarter. AlTi Global Inc. now owns 4,081 shares of the company’s stock valued at $483,000 after buying an additional 74 shares during the last quarter. Meeder Advisory Services Inc. grew its position in shares of nVent Electric by 0.9% in the 1st quarter. Meeder Advisory Services Inc. now owns 8,260 shares of the company’s stock valued at $977,000 after buying an additional 77 shares during the last quarter. Gamco Investors INC. ET AL grew its position in shares of nVent Electric by 1.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 9,864 shares of the company’s stock valued at $1,167,000 after buying an additional 93 shares during the last quarter. Finally, Annex Advisory Services LLC increased its stake in shares of nVent Electric by 3.0% in the fourth quarter. Annex Advisory Services LLC now owns 3,243 shares of the company’s stock valued at $331,000 after buying an additional 94 shares during the period. 90.05% of the stock is currently owned by institutional investors and hedge funds.

nVent Electric Stock Down 0.7%

Shares of NYSE:NVT opened at $169.98 on Friday. nVent Electric PLC has a 1 year low of $85.72 and a 1 year high of $184.64. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.80 and a quick ratio of 1.33. The business’s 50-day moving average is $161.10 and its 200-day moving average is $142.62. The company has a market capitalization of $27.51 billion, a price-to-earnings ratio of 46.44, a P/E/G ratio of 1.44 and a beta of 1.37.

nVent Electric (NYSE:NVT) last released its earnings results on Friday, July 31st. The company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.16 by $0.29. nVent Electric had a return on equity of 18.85% and a net margin of 12.38%.The business had revenue of $1.47 billion during the quarter, compared to analysts’ expectations of $1.26 billion. During the same quarter last year, the firm posted $0.86 earnings per share. The firm’s revenue was up 52.8% on a year-over-year basis. nVent Electric has set its Q3 2026 guidance at 1.350-1.380 EPS and its FY 2026 guidance at 5.000-5.100 EPS. Equities research analysts predict that nVent Electric PLC will post 5.13 earnings per share for the current year.

nVent Electric Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 7th. Stockholders of record on Friday, July 24th were paid a $0.21 dividend. The ex-dividend date was Friday, July 24th. This represents a $0.84 annualized dividend and a dividend yield of 0.5%. nVent Electric’s payout ratio is currently 22.95%.

nVent Electric announced that its Board of Directors has approved a stock buyback plan on Saturday, May 16th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to repurchase up to 1.8% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Roth Capital restated a “buy” rating and set a $195.00 price objective on shares of nVent Electric in a research report on Monday, August 3rd. Robert W. Baird upped their target price on nVent Electric from $188.00 to $200.00 and gave the company an “outperform” rating in a report on Monday, August 3rd. Barclays increased their target price on shares of nVent Electric from $150.00 to $190.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings upgraded shares of nVent Electric from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, August 3rd. Finally, Evercore restated an “outperform” rating and issued a $210.00 price target on shares of nVent Electric in a research report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating and fourteen have issued a Buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $198.79.

Insider Activity

In related news, CEO Beth Wozniak sold 46,261 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $164.42, for a total transaction of $7,606,233.62. Following the transaction, the chief executive officer owned 55,612 shares in the company, valued at $9,143,725.04. The trade was a 45.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Randolph A. Wacker sold 22,525 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $164.62, for a total transaction of $3,708,065.50. Following the transaction, the chief accounting officer directly owned 27,441 shares in the company, valued at approximately $4,517,337.42. This represents a 45.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 74,644 shares of company stock worth $12,276,886 in the last quarter. 1.70% of the stock is owned by corporate insiders.

nVent Electric Profile

nVent Electric PLC is a global manufacturer of electrical connection, protection and thermal management solutions. The company designs, engineers and produces a broad portfolio of products aimed at enhancing safety, reliability and performance in electrical systems across a variety of industries. Its core offerings include electrical enclosures, heat tracing systems, grounding and bonding products, cable management, and fastening solutions. nVent serves markets such as commercial and industrial construction, oil and gas, telecommunications, data centers, utilities, and renewable energy.

The company’s electrical enclosures and housing solutions protect sensitive components from environmental hazards, while its Raychem brand heat tracing products provide freeze protection and temperature maintenance for critical piping and equipment.